Leasehold Motel In Thriving Inland NSW City For Sale

Business description

Location: Riverina
Asking Price: $550,000
Well presented 3.5 star self rated leasehold motel well located only three hundred metres from the main shopping strip of major inland city. It offers 40 comfortable standard queen, deluxe, executive suites, family style rooms with a spacious three bedroom, three bathroom residence on a generous 2,529sqm (approx) block of land. It is very near to all tourist, major shopping and commercial precincts, restaurants, pubs, clubs, sporting facilities and local attractions. It is offered for sale with a 17 year lease remaining. The business has experienced huge growth in revenue for FY 2012 and inspection will impress.

Turnover: $533,000 (FY11).

Construction: Two storey, brick with colorbond roof.

Land Area: 2,529 sqm (approx).

Rating: 3.5 Star AAA rated.

Age: 1960’s.

Number of rooms: 40.

Room Configuration & Facilities: Large well appointed rooms over one and two levels comprising of queen, deluxe, executive suites & family rooms. All rooms are non smoking and facilities include ensuite, air conditioning, Austar, wireless internet, desk, tea/coffee facilities, microwave, toaster, iron and ironing board.

Motel Facilities: Swimming pool, off street secure parking, guest laundry, tour packages, licensed restaurant + bar/function facility, copy/fax facility, valet cleaning and BBQ area.

Restaurant: Licensed plus bar, seats 40, doubles as function area. Five days for breakfast and dinner for groups, coaches. Large commercial kitchen. Full time chef.

Residence: Three bedrooms, three bathrooms, kitchen, open plan lounge and dining room with large private balcony.

Clientele: Good repeat business. General travelers, coach and tour groups, wedding groups, reps, tradesmen and corporate.

Rent: $180,587 p.a. (FY 2011).

Lease term remaining: 17 years.